Cash Ban

The Reserve Bank of India (RBI) has refused to answer the question under the Right to Information (RTI) Act claiming the query does not come under the definition of "information" as per the transparency law.

Note ban black money disclosure scheme may achieve less than half the target: I-T sources

According to officials, the declarants want more time to submit the money they declared under the scheme.

No toll fees for 25 days led to 20% fall in collections in 2016

The demonetisation exercise proved detrimental to toll collections which dropped a sharp 20 percent year-on-year in the three months to December 2016, reports Financial Express.

Nine lakh accounts under Operation Clean Money 'doubtful'

Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people, who according to its data analysis had made suspicious deposits of over Rs 5 lakh during the 50-day window provided to get rid of old 500 and 1,000 rupee notes following the demonetisation decision announced on November 8.

Govt takes action against 34 CAs for allegedly laundering money

The accountants were allegedly found laundering money for companies through shell companies during the demonetisation period.

Affordable housing gets a boost after demonetisation

The real estate sector appeared to be in doldrums after the government's historic decision to undertake demonetisation. But the move appears to have infused a fresh lease of life in the country's budget housing segment.

Remonetisation nearly complete, says Shaktikanta Das

"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time," he told PTI in an interview.

IMF's India GDP forecast cut not out of place: Barclays

IMF cutting its GDP growth expectations to 6.6 percent is not out of place, he says. The cut could have been bigger. He himself expects a GDP growth of 6.5 percent.

Demonetisation blues to keep revenue flat this fisc: Monte Carlo

Speaking to CNBC-TV18, the clothing brand‘s Executive Director, Sandeep Jain said the government‘s decision to junk popular bank notes came bang in the middle of the peak period for sales.

Affordable homes will be a reality after cash ban: Deepak Parekh

HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments.

Note ban not a failure? Rs 3L cr put into 2 cr new accounts: FIU

As per the data from Financial Intelligence Unit (FIU), 40 days after demonetisation was rolled-out, 2.10 crore bank accounts were created and over Rs 3 lakh crore was deposited in them. Government officials in the knowledge of this data say decision to ban cash is not a sign of failure.

See 6% GDP growth in H2FY17, optimistic for FY18: Macquarie

The decline in gross domestic product (GDP) for the second half of the year is likely to be more stark than government estimates, says Tanvee Gupta Jain, India Economist Research at Macquarie Capital Securities.

Key announcements from PM Modi's New Year's Eve speech

Following the tough decision to demonetise Rs 500 and Rs 1000 currency notes, Prime Minister Narendra Modi today thanked citizens for undertaking a yagna (sacrifice) to cleanse the economy of black money

'Budget should take advantage of opportunity given by cash ban'

Janmejaya Sinha says he himself has been a strong believer in a shift to digital payments, but he says government needs to provide the public with ample infrastructure to facilitate the move. The government also needs to keep a watch on cyber security risks, he says.

Demonetisation impact: Small shops in Dharavi still feel the pinch

Dharavi- one of Asia's largest leather markets was hit by the demonetisation drive. Sales were down by 50 to 60 percent and shops were struggling to procure POS machines. 50 days after the note ban, things are better but yet not normal, reports CNBC-TV18.

Textile cos in Tirupur mull discounts to beat note ban impact

Accounting for a whopping 23,000 crore per year in exports, Tirupur and Tamil Nadu is home to a vibrant textile industry. Since demonetisation, town's revenue from retail and wage payments have been hit.

Earnings growth of ex-financials may come down to 0% in Q3 & Q4

The demonetisation drive has taken a toll on the market and Anish Damania of IDFC Securities says that the market may not see recovery soon and there will be three quarters of dismay.

Lower gold import duty good sign, may curb smuggling: Titan CFO

Reports indicate that government is likely to lower import duty on gold to 6 percent from 10 percent. Speaking to CNBC-TV18, S Subramaniam, CFO, Titan Company says it will be a good sign if the government takes this decision as it will curb smuggling of gold in a big way.

COMMENT: Govt, RBI flip-flops on cash ban reflect a cat-and-mouse game

A little bit of “our jugaad counters your jugaad” by the government is acceptable. But the impression created is of an exercise that‘s been more improvisation than planned execution.

Demonetisation chaos will help us retain power: Akhilesh

Uttar Pradesh Chief Minister Akhilesh Yadav feels the days of caste-based politics in the state are over and now the two Ds -- development and demonetisation problems -- will work in favour of the Samajwadi Party in the upcoming assembly polls.

Close to Rs 14 lakh crore back in banks, say sources

Since the ban of high-value currency notes on November 8, close to Rs 14 lakh crore is back in the banking system, said sources.

ED raids owner of Chandigarh college, seizes Rs 47 lakh in new

The Enforcement Directorate has seized Rs 50 lakh cash, including Rs 46.80 lakh in new notes, after raids at the premises of an educational institute's owner, its third such operation in the city.

See no fall in Q3 sales; cashless purchase doubled: HPCL Chief

To promote its 'go cashless campaign', the government is leaving no stone unturned and in a similar effort, HPCL is giving cashback and rewards on fuel purchases for payments made by cards. Speaking to CNBC-TV18, MK Surana, CMD of the company said that cashless purchase has doubled from what it was before the roll-out of demonetisation.

SC with govt on old notes issue; rejects extension of exemptions

The Supreme Court today refused to tinker with the move to do away with the use of now-defunct high-value currency notes for public utilities, in government hospitals and for rail tickets but referred to a Constitution Bench the issue of validity of the government's demonetisation decision.

Deal pipeline in FY18 to touch $4-5 bn: Kotak Invst Banking

At a time when many sectors are in distress due to the demonetisation drive it is important to assess the deal environment. V Jayshankar of Kotak Investment Banking says, primary market pipeline has been strong and there will be pick-up from February onwards. Also, M&A pipeline continues to be strong.